1/10/24

Venture One Fund Acquires Two Building, 785,181 Square Foot Industrial Portfolio In St. Charles, Illinois

Rosemont, IL – January 10, 2024 – Venture One Real Estate through its acquisition fund, VK Industrial VI, LP, has closed on the acquisition of a 785,181 square foot, 2-building industrial portfolio located at 609 S. Kirk Road and 1750 Wallace Avenue in St. Charles, Illinois. The acquisition was a sale-leaseback.

609 Kirk Road is a 504,152 square foot industrial building which was constructed in 1988. The 30’ clear, precast building is equipped with 45 docks, 3 drive-in doors and an ESFR sprinkler system. Additionally, the property is partially air-conditioned in the warehouse area.

1750 Wallace Avenue is a 281,029 square foot industrial building which was constructed in 1990. The 21’-31’ clear, precast building is equipped with 15 exterior docks and 1 drive-in door. Additionally, approximately 80,000 SF of the warehouse area is air-conditioned.

Mike Tenteris, Jim Carpenter, Adam Tyler, Scott Goldman and David Friedland of Cushman & Wakefield represented the Seller in the transaction.

VK Industrial VI is co-sponsored by Venture One Real Estate and Kovitz Investment Group.  The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast and Florida markets.

Venture One Real Estate

Venture One is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the Chicago MSA and Northeast Industrial Region. Principals of Venture One have over $7 billion of transactional experience. For further information go to www.VentureOneRE.com.